WPT Enterprises prices IPO of 4M shares at $8 each

CarolynPritchard

SAN FRANCISCo (CBS.MW) -- WPT Enterprises
wpte
priced its initial public offering of 4 million shares at $8 each late Monday for proceeds of $32 million. The pricing came above the expected range of $5 to $7. The West Hollywood, Calif.-based company is commonly known as World Poker Tour; it holds the popular WPT Tour events on the Travel Channel. Feltl and Co. led the deal's underwriting. Shares of WPT are due to start trading on the Nasdaq Tuesday.

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